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The competitiveness amongst the corporate houses has compelled the
outsourcing of none core business activities and concentrate
company resources on the core competencies. Not only does
outsourcing make it cost effective and efficient but enables the
company operations to function smoothly. Due to the complexities
of compliance with legal and regulatory terms, HR obligations have
become more time consuming.
HR outsourcing services are now forming the major component of a
companies outsourcing components. The HR outsourcing service
providers are human resource experts providing services par
excellence to meet the parent company personnel requirements.
These are more cost effective as it saves the cost to be incurred
for the maintenance of a HR department. HR outsource services
cater to almost all the industries like banking, insurance,
finance, healthcare, government sectors, central offices, IT, ITES,
KPO, BPO and more.
The wide scope of HR outsourcing can be enumerated in a
nutshell as follows:
Payroll Processing
Garnishments
Employment Verification
Time and Attendance Systems
Health Care: Medical, Dental and Vision
Health Care Flexible Spending Account
Retirement Services
Employee Assistance and Work/Life Program
Life Insurance: Term, Group and Dependent
Disability Insurance: Short-Term, Long-Term and Voluntary
Adoption Assistance
Credit Union
Educational Assistance
529 College Plan
Employee Service CenterSM Instant Online Infrastructure
Client Network
Employee Communications
Insurance Procurement
Strategic Alliances: Financial, Technical and Procurement
Government Compliance Reporting and Agency Interface
Unemployment Claims Administration
FICA, FUTA, SUTA
Safety Services
Drug-Free Workplace Administration
EEOC Administration
Workers' Compensation Coverage and Claim Resolution
Employment Practices Liability Insurance
Safety Review
Employee Handbooks
Termination Assistance
Outplacement Guidance
Employee Relations
Substance Abuse Awareness
Liability Management Training
Applicant Review and Interviewing
Wage and Salary Data
Pre-Employment Background Checks
Pre-Employment Testing
Drug testing
Skills-based Testing
Admin staff Talent Network
Performance Appraisals
Compensation and Incentive Plans
Supervisor Coaching
Job Descriptions
Reward and Recognition
HR Outsourcing Services are generally categorized as
Professional Employer Organization, Business Process Outsourcing,
Application service providers, or e-services. In the recent time
the HR outsourcing sector has not confined itself to the bigger
companies but has moved to the small and mid-sized organizations. |
